TribLIVE

| Home


Weather Forecast
 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Insurer Nationwide, 7 states agree over unclaimed death benefits

Daily Photo Galleries

Friday, Oct. 12, 2012, 11:22 a.m.
 

COLUMBUS, Ohio — Ohio is one of seven states that will share $7.2 million from insurer Nationwide under an agreement over death benefits that go unclaimed.

The Columbus Dispatch reports Nationwide has identified more than 4,700 unclaimed death benefits and paid $144 million to beneficiaries since the start of a joint investigation by the states. It began with allegations that insurers held back payouts despite knowing policyholders had died.

California, Florida, Illinois, New Hampshire, North Dakota and Pennsylvania also are involved. It's not clear exactly how much money each state will get.

The agreement requires Nationwide to take steps that include cross-checking its insurance files with Social Security information.

Nationwide denies wrongdoing. A spokesman says its companies cooperated in the process.

Three other insurance companies previously reached agreement over unclaimed death benefits.

 

 
 


Show commenting policy

Most-Read Stories

  1. Pittsburgh rallies for second year of Pirates magic
  2. Pitt joins national team looking to unravel traumatic brain injuries
  3. Steelers film session: Harrison on the field often
  4. Tomlin: Penalties only one factor in Steelers’ loss
  5. Police: Charges unwarranted for Yough shop class project
  6. Corbett to sign bill to help lower fatal overdoses
  7. Penn State notebook: Players get light workload during bye week
  8. The Rep’s offbeat ‘Souvenir’ keeps the laughter real
  9. Prosecutors float possibility of jail time for former Justice Melvin
  10. Steelers are vowing to fix the costly penalties, lack of self-discipline
  11. Women sues over injuries she blames on Pittsburgh EMS
Subscribe today! Click here for our subscription offers.